■ Chinese commercial banks are moving swiftly to comply with new regulation which bans the “fund pool" business, in which funds raised from the sale of wealth management products are fed into a common pool rather than matched with a specific set of underlying assets.

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Company Profile

■ China’s online bank transactions increased 26.7 per cent to 996 trillion yuan in 2012, according to a survey conducted by Enfodes, a consultancy.

Shanghai Daily

■ Cancer-causing substances have been found in four foreign brands of cars sold in China, including General Motors’ Chevrolet, China Central Television reported on Monday.

■ Sales of pre-owned homes in Shanghai soared to a record last month as sellers and buyers panicked and sealed deals to avoid having to pay a 20 per cent capital gains tax on profits from property sales.

■ Huawei Technologies, China’s telecommunications equipment maker, targets 10 per cent compound annual growth over the next five years by growing its smart phone and cloud computing sales.

China Daily

■ Trade probes targeting China are becoming more frequent and complicated, and dealing with trade frictions will be a long-term and challenging task, the Ministry of Commerce warned on Monday.

■ Despite a late-afternoon rally, Chinese stocks slumped to their lowest level in 2013 on Monday, with sectors such as aviation and hospitality hit hardest by the bird flu scare.

■ Dalian Wanda Group one of China’s leading property developers and the owner of the country’s largest movie theatre chain by box office revenue, is in talks to buy a European theatre chain, a company spokesman said on Monday.

People’s Daily

■China will grow relatively quickly for a long time, and its market will be open and fair, President Xi Jinping said on Monday, soothing fears over the Chinese economy.